Here are the highlights to get you started. Then, check out MarketWatch’s recap of the analyst call with CEO Jamie Dimon and CFO Marianne Lake.

Crime and punishment: Three big legal settlements weighed on the quarter: with the Department of Justice over mortgage-backed securities, with private investors who bought mortgage-backed securities, and over the bank’s relationship to Bernie Madoff.

In a statement, CEO Jamie Dimon said the bank was “pleased to have made progress on our control, regulatory and litigation agendas and to have put some significant issues behind us.”

“It was in the best interests of our company and shareholders for us to accept responsibility, resolve these issues and move forward,” Dimon said.

By the numbers: Profit was up in consumer and community banking, due to a lower provision for credit losses, though revenue fell. Deposits, auto loan originations and credit card sales volume all gained, but mortgage originations plunged 54%.

Net income in the investment bank plummeted 57%, though revenue was hurt by an accounting charge related to how the bank values its debt. Bond underwriting and advisory fees were down, but stock underwriting jumped.

The bank cut about 7,500 jobs over the year, or 3% of its staff.

Special items: The bank was also affected by one-time gains and expenses, including gains from selling shares in Visa Inc. and One Chase Manhattan Plaza, and hits from legal expenses.

-Christina Rexrode

10:09 am | by Christina Rexrode

After a few more questions about capital ratios, the call concludes. The stock is up 40 cents, or 0.7%, to $58.10.

10:04 am | by Christina Rexrode

Paul Miller of FBR Capital Markets mentions the drop in mortgage originations - down 54% to $23.3 billion over the year - and asked about the accompanying drop in market share.

Lake says the overall market was down 33% in the second half versus the first half, which was in line with the bank's expectations of a 30% to 40% drop. Lake also says J.P. Morgan's market share will be driven partly by its pricing discipline.

"We would gain share but only if we can do it getting paid for the risk and the cost of servicing," she says.

9:54 am | by Christina Rexrode

Cassidy also asks if the bank will buy back all the shares for which it has approval under the Fed’s 2013 stress test.

Cassidy: “It looks like in the quarter you guys bought back about $300 million worth of stock, and year-to-date or since the last (stress test), it's just over $2.2 billion. If I recall you have an approval for $6 billion. Is it fair to assume you’ll use the next quarter to fill out the rest of the $6 billion or is that too optimistic?”

The answer: "Sure. Change either that or how you reimburse clients for deposits and obviously it will go into how you price them on your business. We're not expecting that to happen but obviously we do that and you have other alternatives so you might invest some of that money elsewhere."

9:36 am | by Christina Rexrode

Lake says the bank has backtracked on plans announced about a year ago to open a net 100 new branches. The bank has 5,630 branches, up just 16 from a year ago.

"We've revisited based upon our assessment of cost and preferences and activity," Lake said, "and think we've got the footprint where we are happy at 5,600 plus or minus."

9:27 am | by Christina Rexrode

Wells Fargo's Matt Burnell asks what drove the bank's decision to consider selling its prepaid card business. J.P. Morgan has been slashing businesses to get rid of risky or unprofitable units, including plans to get rid of its private-equity arm, student-loan originations and checking accounts for "foreign Politically Exposed Persons."

"So every year, we try to have a disciplined approach about what we need and what we don't, and I think we probably were more disciplined about the things we don't need," Dimon said.

"If you look at the prepaid card business, we aren't dealing directly with customers, ... it's a complex business and we were just better off letting someone else do it. ... There's a lot of risk associated with it."

9:17 am | by Christina Rexrode

Dimon says the bank is replacing some 2 million debit and credit cards because of recent security breaches.

"Unfortuntely, this cyber security stuff we've now pointed out for a year is a big deal, it's not going to go away," Dimon said. "All of us have a common interest in being protected, so this might be a chance for retailers and banks to, for once, work together as opposed to sue each other like we've been doing the last decade."

9:10 am | by Christina Rexrode

Marianne Lake on mortgages: "It's a very small market," the likes of which the industry hasn't seen since 2000.

"We went through the last few years with very strong revenues and margins, and we are in a challenging environment as we look into 2014. But we're working on it."

9:01 am | by Christina Rexrode

Marianne Lake led the call with reporters, while Jamie Dimon has mostly stayed in the background.

8:58 am | by Christina Rexrode

J.P. Morgan's fixed-income revenue held up better than most peer's in the third quarter, falling less than at the other banks. This quarter, a similar trend could emerge. The investment bank reported a 1% gain in fixed-income revenue, better than many analysts had expected.

8:51 am | by Christina Rexrode

Noninterest expense rose 3% over the year, driven by higher marketing expenses, payments to customers required by a regulatory consent order and higher auto lease depreciation.

8:50 am | by Christina Rexrode

Lake says that J.P. Morgan has taken quick action to protect customers against recent data breaches but doesn't give details. The financial impact to the quarter, she said, will not be significant.

8:42 am | by Christina Rexrode

CEO Jamie Dimon, asked by a reporter if he had considered resigning or had been pressured to, replied succintly: "No, no, it's all up to the board."

"Which you chair," the reporter replied.

8:39 am | by Christina Rexrode

Lake on the Volcker Rule: "It is a tough rule, and the regulators have laid out stringent standards.” But she said she believes it won't have a material impact on J.P. Morgan's results.

8:36 am | by Christina Rexrode

SunTrust analyst Eric Wasserstrom: The fourth quarter "highlights that JPM can continue to earn through challenging conditions, but likely does not alter the longer term view of its earnings power." He ranks the bank a Neutral.

8:34 am | by Christina Rexrode

CFO Marianne Lake kicks off the earnings call.

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